BOISE, Idaho (KIFI) – The Idaho Department of Finance (IDOF) is warning the public about scams involving the physical purchase and delivery of gold and other precious metals. Illicit actors are using various tactics to trick victims into buying these assets under false pretenses.
Scam Details
The scammers typically convince victims that their identity, computer, or financial accounts are compromised, leading them to believe they are in a criminal situation. Victims are then directed to purchase physical gold or precious metals to protect their assets. The scammers rely on victims to deliver the purchased items to couriers posing as government officials, financial professionals, or tech support staff. These couriers then take possession of the assets on behalf of the scammers to complete the fraudulent scheme.
FBI Warning
According to a recent announcement by the Federal Bureau of Investigation (FBI), victims have lost over $55 million to similar scams involving cash and precious metal couriers in the past eight months. The majority of these victims, particularly seniors, are targeted by scammers who promise to protect their funds while actually stealing them.
Recognizing Red Flags
Idahoans are urged to be vigilant and watch out for warning signs related to these scams, including:
- Receiving pop-up messages or calls claiming identity theft or hacking
- Being instructed to convert assets into gold or precious metals
- Establishing a new connection that pressures you to buy assets and meet a courier
- Being asked to authenticate deliveries using specific passcodes
- Assurances from individuals to safeguard your assets in a protected account
Tips for Protection
To protect yourself from physical gold and precious metal scams, consider these recommendations:
- Stay skeptical of anyone directing you to buy such assets for safety
- Avoid sharing personal information with unknown individuals
- Avoid clicking on unsolicited pop-ups, text message links, or email attachments
- Do not contact unfamiliar phone numbers from suspicious sources
- Never grant unknown individuals access to your computer or download software from them
It is crucial for Idahoans to be cautious and take necessary precautions to safeguard themselves from these sophisticated scams.
Reporting Scams
If you suspect you have fallen victim to a physical gold or precious metal scam, report it immediately to the IDOF Securities Bureau, local law enforcement, and the FBI’s Internet Crimes Complaint Center (IC3) for a swift resolution.
Additional Insight:
In today’s digital age, scammers have become increasingly sophisticated in their methods of deceiving victims. It is important to remain vigilant and cautious when dealing with any financial transactions or requests for personal information, especially those involving valuable assets like gold and precious metals. By staying informed and following proper security measures, individuals can better protect themselves from falling prey to these types of fraudulent schemes.
